It feels like there's a lot of energy in the Perl community right now with new, interesting, and cool stuff happening left and right.
$m is the number of new modules on CPAN. For me right now, Test::Base looks interesting, PPI is very useful for my Devel::PerlySense project and I hope to use Catalyst for something simple in the near future. And there are lots of others.
$c is the number of conferences being held, squared because of what happens when people meet in real life, talk to each other, hack together, drink beer, and become friends. YAPC::Europe is a couple of months away and I can't wait.